Preliminary PREAMBLE

[28th April, 1972]

An Act to provide, with retrospective effect, for the speedy recovery of certain classes of dues payable to the State Government or to the Uttar Pradesh Financial Corporation or any other Corporation notified by the State Government in that behalf or to any nationalised or other Scheduled Bank or to a Government Company, and to validate certain acts done and proceedings taken in the past, and to provide for matters connected therewith

S.1 Short title, extent and commencement

(1) This Act may be called the Uttar Pradesh Public Moneys (Recovery of Dues) Act, 1972.

(2) It extends to the whole of Uttar Pradesh.

(3) This section and Sections 2 to 5 shall be deemed to have come into force on December 4, 1965.

S.2 Definitions

In this Act, unless the context otherwise requires

(a) "Corporation" means the Uttar Pradesh Financial Corporation established under the State Financial Corporation Act, 1951, and includes any other Corporation owned or controlled by the Central Government or the State Government and specified in a notification issued in that behalf by the State Government in the Official Gazette;

(b) "financial assista

S.3 Recovery of certain dues as arrears of land revenue

(1) Where any person is party,--

(a) to any agreement relating to a loan, advance or grant given to him or relating to credit in respect of, or relating to hire-purchase of goods, sold to him by the State Government or the Corporation, by way of financial assistance; or

(b) to any agreement relating to a loan, advance or grant given to him or relating to credit in respect of, or relating to hire-purchas

S.4 Savings

(1) Nothing in Section 3, shall--

(a) affect any interest of the State Government, the Corporation, a Government Company or any Banking Company, in any property created by any mortgage, charge, pledge or other encumbrance; or

(b) bar a suit or affect any other right or remedy against any person other than a person referred to in that section, in respect of a contract of indemnity or guarantee entered in

S.5 Repeal

The Public Moneys (Recovery of Dues) Act, 1965, is hereby repealed.

S.6 Validation

Notwithstanding the repeal of the Public Moneys (Recovery of Dues), Act, 1965, by Section 5, and notwithstanding any judgment, decree or order of any court or tribunal, any action taken or purported to have been taken, or anything done or purported to have been done, between 4th December, 1965 and the commencement of this Act, by the State Government or by the Corporation or a Government Company or the State Bank of India or other Scheduled Bank, or by any officer of the State Government or of such Corporation. Company or Bank, or by any Coll

S.7 Repeal

The Uttar Pradesh Public Moneys (Recovery of Dues) Ordinance, 1972 (U.P. Ordinance No. 3 of 1972) is hereby repealed.